H.R. 8290 · On the floor · International Affairs

China Exchange Rate Accountability Act of 2026

Sponsor: Pete Sessions (R-TX)

What it does

• Requires the Treasury Secretary to submit a report at least 7 days before any IMF proposal to increase China's voting power, assessing whether China violates its IMF obligations, maintains transparent exchange rate policies, and avoids persistent currency management for competitive advantage.
• Directs the U.S. Governor of the IMF to oppose any proposal to increase China's voting power if the Secretary determines China has failed to meet the criteria outlined in the report.
• Permits the President to waive the opposition requirement by reporting to the House Financial Services and Senate Foreign Relations committees that the waiver serves the national interest.
• Sunsets the provision 7 years after enactment.

Latest action

Jun 18, 2026: Placed on the Union Calendar, Calendar No. 611.

Committee: House Financial Services